The USD/CAD pair attempted to rally during the session on Friday as the Non-Farm Payroll numbers came out as expected in the United States. The pair failed though, and as a result formed a shooting star.
The USD/CAD currency pair fell rather strongly during the Thursday session as we broke the bottom of the shooting star from Wednesday. If you watched yesterday’s video, you know that we had suggested that a break down...
The USD/CAD currency pair attempted to rally during the session on Wednesday, but ran into significant resistance at the 1.0050 level. It is because of this that we are starting to suspect that the breakout is a...
The USD/CAD pair fell drastically during the session on Tuesday as we crashed back down towards the parity level again. The real question is whether or not support can come into the market at this point in...
The USD/CAD pair originally rose during the session on Monday, but found the 1.01 level to be far too resistant yet again. This market had previously seen quite a bit of resistance at the 1.0050 level, and...
USDCAD breaks above 1.0055 resistance and reaches as high as 1.0100, suggesting that the uptrend from 0.9632 has resumed. Further rise is still possible next week, and the target would be at the upper line of the...
The USD/CAD pair shot straight through the resistance of the 1.0050 level that we had been watching on Friday. This area was significant in its magnitude, and the fact that we sliced through so effortlessly is indeed...
The USD/CAD pair had another bullish session on Thursday, but has fallen short of breaking above the 1.0050 handle that we used as a guide for direction. This latest move has been fairly parabolic, and it would’ve...
The USD/CAD pair shot straight up during the session on Wednesday after the Bank of Canada it a let it be known that interest rates would be on hold longer than expected during their interest rate announcement.
The USD/CAD pair initially rallied during the session on Tuesday, but found the 0.9950 level far too resistant yet again. Because of this, we formed a candle that looks somewhat like a shooting star it certainly looks...
